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SEC and Ripple Seek Court Approval to Split $125 Million Penalty, Citing Policy Shift and Prior Judge Torres Decision

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Updated Jun 13, 2025, 03:27 AM

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly requested a Manhattan District Court to dissolve the injunction in their ongoing legal case and release a $125 million civil penalty currently held in escrow. Their proposal suggests that $50 million of the penalty be paid to the SEC, while the remaining $75 million would be returned to Ripple. This joint motion follows a May decision by Judge Torres, who previously denied a similar request. The filing cites "exceptional circumstances," including a settlement, the SEC's shift in cryptocurrency policy, and a mutual desire to avoid further litigation, as reasons to modify the final judgment and bring the years-long case toward resolution.

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JUST IN: SEC AND RIPPLE FILE JOINT MOTION TO DISSOLVE INJUNCTION, PROPOSE SPLITTING $125M PENALTY Source: @cointelegraph

Cointelegraph

@Cointelegraph

🚨 JUST IN: The SEC and Ripple have filed for a joint motion to dissolve the injunction in their ongoing case. They also proposed to split the $125M civil penalty, with $50M going to SEC and $75M to Ripple.